3000 Whittier BlvdLos Angeles, CA 90023
- Mixed-use properties
- 7,230 SF
Property Details for 3000 Whittier Blvd
- Year built
- 1913
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.14 AC
- Property size (Sq ft)
- 7,230 SF
- Zone code
- LAC1
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 5189-003-031
- APU
- 5189003031
Description
This 12,172 square foot, two-story Class B medical building, constructed in 1913 and extensively renovated in 2020, presents a unique investment opportunity in the heart of Boyle Heights, Los Angeles. Located at a high-visibility, signalized intersection on Whittier Boulevard, the property boasts approximately 5,125 square feet of vacant space, offering flexible layouts ranging from 200 to 2,300 square feet. Available spaces include second-floor office suites (approximately 200-2,300 SF), and first-floor options suitable for office or retail use (approximately 2,000 SF and 2,189 SF, the latter a former dental office). The building benefits from rear access and dedicated parking in a private lot with 11 spaces. Its versatile design caters to a variety of uses, including medical, retail, and salon businesses. The property's strategic location within a densely populated area (over 1,000,000 people within a 5-mile radius) and its proximity to eight schools within a quarter mile, and major freeways (I-10, I-5, 101, 710, and 60) ensures high visibility and accessibility. This prime Boyle Heights location offers exceptional potential for growth and return on investment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,626,129
- 6.5%
- $2,424,120
- 7%
- $2,250,968
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,131,028
- Geo Method
- $2,131,028
-
Alternative Use
- Use
- Valuation
- Residential
- $2,424,120
- Hospitality
- $2,220,480
- Educational
- $1,847,414
- Medical
- $1,910,949
- Retail
- $2,873,754
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.0303
- Longitude
- -118.207
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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